Enhances user experience, data access and fraud prevention
Paris, New York, Seattle, Toronto and London, February 5, 2019 – Linedata (Euronext Paris: LIN) announces the latest release of Linedata Capitalstream, a commercial loan origination and risk management solution, with powerful new features to address evolving business needs and improve the user experience.
A new module, “Sales Accelerator”, enables front office personnel to leverage data from Linedata Capitalstream to increase sales and revenues while managing risk. Sales Accelerator is a mobile application empowering relationship managers, branch personnel and sales representatives to manage day-to-day tasks and access key client information from any device.
This version of Linedata Capitalstream, available now, also contains new commercial real estate capabilities to capture sources and uses of funds, with the ability to assign conditions to each disbursement. These features provide financial institutions with details of cash inflows while mitigating risks relating to cash outflows. The ability to upload multiple customer files to multiple locations simultaneously from a single screen has also been added to increase operational efficiency.
Additional changes include:
- Enhanced integration to consumer credit repositories, facilitating the entry of security PINs to address consumer privacy concerns and deter fraud;
- Support for the upcoming Current Expected Credit Loss (CECL) accounting standard. New fields detail the model utilized, model version, calculation date and CECL calculation so clients can validate their existing CECL models;
- Integration with Ambit Optimist, a leading industry financial statement spreading solution from Fidelity National Information Services Inc. (FIS), to help financial institutions make better credit decisions while managing risk.
“These latest updates are part of our continued drive to ensure Linedata solutions offer the best of operational efficiency and user experience. With more regulatory change ahead, and ever-increasing pressure to manage risk, our clients must have the right systems in place to ensure they can readily access the information they need to make informed business decisions” says Jamil Jiva, Executive Vice President, Head of Lending & Leasing North America at Linedata.
With 20 years’ experience and 700+ clients in 50 countries, Linedata’s 1300 employees in 20 offices provide global humanized technology solutions and services for the asset management and credit industries that help its clients to evolve and to operate at the highest levels.
Headquartered in France, Linedata achieved revenues of EUR 179.0 million in 2017 and is listed on Euronext Paris compartment B FR0004156297-LIN – Reuters LDSV.PA – Bloomberg LIN:FP.